Enter the home market value ($) into the calculator to determine the Rent Charge. 

Rent Charge Formula

The following formula is used to calculate the Rent Charge. 

RC = HV * .01
  • Where RC is the Rent Charge ($/month)
  • HV is the home market value ($) 

To calculate a rent charge, multiply the home market value by 1%.

How to Calculate Rent Charge?

The following example problems outline how to calculate Rent Charge.

Example Problem #1:

  1. First, determine the home market value ($). In this example, the home market value ($) is given as 250000.
  2. Finally, calculate the Rent Charge using the equation above: 

RC = HV * .01

The values given above are inserted into the equation below:

RC = 250000 * .01 = 2,500 ($/month)

Example Problem #2: 

The variables needed for this problem are provided below:

home market value ($) = 500000

Entering these values and solving gives:

RC = 500000* .01 = 5,000 ($/month)